U.S. District Judge James D. Cain Jr. in Louisiana issued a preliminary injunction Monday in a lawsuit filed by 16 states, which argued Biden violated federal law by halting licenses in January to assess impact of shipments on climate change. SourceContinue Reading

TotalEnergies plans to relinquish the license for Block 11B/12B because it doubts whether the complex deepwater finds can be made commercially viable, given South Africa’s small gas market. The company will concentrate instead on exploring the Orange basin, located further north on the Atlantic coast of South Africa near promising offshore oil discoveries in Namibian...Continue Reading

U.S. Drivers Could See The Lowest July 4 Gasoline Prices Since 2021 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 02, 2024, 12:30 PM CDT The U.S. national average price of gasoline on July 4 is expected at $3.49 per gallon, which would be...Continue Reading

Ineos Energy CEO: UK Making Oil and Gas Investment Difficult | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jul 02, 2024, 12:00 PM CDT Ineos Energy...Continue Reading

Russian Pipeline Gas Exports to Europe Soared by 23% Y/Y in June | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 02, 2024, 11:30 AM CDT Russia’s gas giant Gazprom...Continue Reading

Saudi Aramco Bets on Unconventional Field in $25-Billion Gas Expansion   | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 02, 2024, 11:00 AM CDT As part of its strategic...Continue Reading

Global Crude Oil Shipments Fall in June on Saudi Export Slump | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 02, 2024, 10:30 AM CDT Falling crude oil exports from Saudi Arabia accounted for half of the 1 million barrels per day (bpd) drop in...Continue Reading

WTI Crude Soars to Highest Level Since April on Demand Optimism, Hurricane Beryl | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 02, 2024, 10:00 AM CDT Hurricane Beryl strengthened overnight to a powerful Category 5 storm as it churned in the...Continue Reading

Shell to Temporarily Halt European Biofuels Project | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 02, 2024, 9:30 AM CDT Shell will pause on-site construction work at a biofuels...Continue Reading

Oil Markets Are on Edge as Hurricane Beryl Barrels Towards Jamaica | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Jul 02, 2024, 9:00 AM CDT Hurricane season is back, and oil markets are on edge as the earliest category 5...Continue Reading